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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net income $ 119.3 $ 58.5
Loss from discontinued operations, net of benefit for income taxes of $1.7, $0.7, $3.5, and $2.2 (11.3) (8.1)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]    
Depreciation and amortization 220.2 219.9
Stock-based compensation expense 17.3 18.8
Provision (benefit) for deferred income taxes (1.5) (24.3)
Net gains on lease portfolio sales, excluding sales-type leases (36.2) (46.4)
Gains on dispositions of property and other assets (4.2) (1.9)
Gains on insurance recoveries from property damage 0.0 (4.9)
Non-cash impact of restructuring activities 0.0 (2.2)
Non-cash interest expense 9.8 9.1
Loss on extinguishment of debt 1.5 0.0
Other (3.9) (3.7)
Changes in operating assets and liabilities:    
(Increase) decrease in receivables (50.5) (54.4)
(Increase) decrease in inventories 135.2 (50.0)
(Increase) decrease in other assets (3.0) 0.0
Increase (decrease) in accounts payable (35.1) 22.6
Increase (decrease) in accrued liabilities 0.3 60.5
Increase (decrease) in other liabilities 3.0 6.1
Net cash provided by operating activities – continuing operations 383.5 215.8
Net cash used in operating activities – discontinued operations (11.3) (8.1)
Net cash provided by operating activities 372.2 207.7
Investing activities:    
Proceeds from dispositions of property and other assets 15.5 13.0
Lease portfolio sales 253.7 245.8
Capital expenditures – lease fleet 340.2 483.3
Capital expenditures – operating and administrative (32.3) (29.4)
Acquisitions, net of cash acquired 0.0 (66.2)
Proceeds from insurance recoveries 1.7 4.9
Equity investments 3.6 1.1
Net cash used in investing activities (105.2) (316.3)
Financing activities:    
Payments to retire debt (1,831.0) (1,279.0)
Proceeds from Debt, Net of Issuance Costs 1,762.4 1,444.3
Payments to settle contingent consideration liability (8.0) 0.0
Payments for Repurchase of Common Stock (6.9) 0.0
Dividends paid to common shareholders (70.1) (64.7)
Purchase of shares to satisfy employee tax on vested stock (8.7) (6.9)
Distributions to noncontrolling interest (7.4) (12.7)
Net cash provided by (used in) financing activities (169.7) 81.0
Net increase (decrease) in cash, cash equivalents, and restricted cash 97.3 (27.6)
Cash, cash equivalents, and restricted cash at beginning of period 235.1 294.3
Cash, cash equivalents, and restricted cash at end of period $ 332.4 $ 266.7